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Swiss consumer prices fall again in August

Staff Writer |
Switzerland's consumer prices continued to decline in August, the Federal Statistical Office said.

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Consumer prices slid 0.1 percent year-on-year in August, slightly slower than the 0.2 percent decrease seen in July. The annual pace of decline matched economists' expectations.

A similar pace of slower decrease was last seen in November 2014. Prices have been falling since late 2014.

Consumer prices dropped 0.1 percent as expected in August from the prior month, when it declined 0.4 percent.

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